Following are some of Friendly Village’s transactions during the calendar year 2019. For each transaction, state (a) the amount the Village would report as expenditures for the year 2019 if the transaction occurred in a governmental‑type fund and (b) the amount it would report as expenses for the year if the transaction occurred in an Enterprise Fund. 1. Friendly paid $600,000 in salaries during the year. In addition, during the last pay period, Friendly’s employees earned $5,000 by December 31, but that amount was not paid until the first week of January, 2020.
2. Friendly used the proceeds of long‑term bonds to buy a sanitation truck. The truck was delivered on July 1, 2019, and immediately placed into service. The truck cost $100,000 and had an estimated useful life of 10 years.
3. Friendly had agreed to pay off the $100,000 used to buy the sanitation truck (see previous transaction) over a 5‑year period, starting December 31, 2019. On that date, Friendly paid the first installment on the debt, $10,000 in principal and $3,000 in interest.

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."

Do a swot analysis for the business idea you chose in question 2 above. describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea.